Financial Expert
2 weeks ago
Financial Officer Job Description
The World Bank is seeking a highly skilled and experienced Financial Officer to join its Finance and Accounting (WFA) Vice Presidency. As a Financial Officer, you will play a key role in the delivery unit's responsibilities related to accounting, valuation, and reporting of financial instruments.
Your Key Responsibilities:
- Review accounting entries and ensure daily/weekly/monthly control activities are performed, especially for liquid investments portfolios.
- Identify, investigate, and resolve system-to-system reconciliation and accounting flow breaks.
- Monitor and analyze accounting and valuation results as they relate to investments portfolios to ensure they are consistent with expectations and business objectives.
- Verify trade set-up and trade modifications.
- Prepare and provide quality assurance of calculated market data, evaluation of data sources, and verification of data reliability.
- Develop expectations, perform analysis, prepare/review and present sign-off commentaries, suggest and implement solutions in a proactive manner.
- Prepare and analyze allocation of debt funding to separate pools and computation of cost pass-through rates for Bank lending products.
- Prepare/present various financial and management reports, as required by the department or other stakeholders.
- Lead/support efforts to implement institutional projects and business initiatives. Translate new initiatives or financial products into new processes and/or system requirements.
- Collaborate with business and information technology teams across locations to address system issues and implement solutions promptly.
- Proactively interact with World Bank Treasury (TRE) front-office business units to stay abreast of new/proposed activities that may have accounting or reporting implications.
- Provide services to clients within and outside the Bank by providing financial information, training programs, and related materials.
- Coordinate with/support external and internal auditors, when required.
- Exercise fiduciary responsibility by reviewing policies and procedures and ensuring they are correctly followed.
- Stay abreast of accounting pronouncements and industry best practices as it relates to accounting/valuation of financial instruments.
- Continually look for opportunities to improve processes and internal controls. Be responsible for promoting controls and ensuring compliance in WFA.
Your Requirements:
- Master's degree(s) or equivalent in relevant profession discipline (Accounting, Finance, Economics, etc.).
- Professional finance/accounting qualification (CA, CPA, ACCA, or equivalent accounting qualification and/or CFA/FRM).
- Minimum of 5 years of relevant experience.
- Professional experience with major financial institutions with practical knowledge of product control functions (such as accounting and valuation) related to financial instruments.
- Strong understanding of fixed income and derivative products.
- Proven quantitative and qualitative analytical skills, including excellent spreadsheet and skills. Familiarity with Power BI, financial modeling techniques, programming languages (.e.g., Python), writing macros will be a plus.
- Hands-on experience of accounting, financial analysis, and reporting in an integrated financial systems environment.
- Strong knowledge of Summit/Murex or other front-to-back treasury systems, integrated financial systems such as SAP, SAP BI/BO reporting tools.
- Knowledge of appropriate valuation models, including calibration instruments and model limitations.
- Demonstrated high level of initiative, self-confidence, and a self-starter.
- Diplomacy and strong interpersonal skills; commitment to work in a team-oriented, multi-cultural environment; detail oriented.
- Excellent verbal and written communication and presentation skills, including preparing presentations for senior management.
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